Developments

Sydney’s Marlborough Hotel sold

The Riversdale Group, owned by Paddy Coughlin, John Singleton and Geoff Dixon, has acquired the Marlborough Hotel in the Sydney suburb of Newtown for $12.2 million.

Riversdale Group’s founder and chief executive Paddy Coughlin said the Marlborough is the seventh Sydney hotel purchased by the Riversdale Group.

“Our target is to build a $150 million pub portfolio and this purchase takes our combined pub assets up to around $85 million,” he said. “We’re half way there.”  

Related Articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Back to top button
WP Tumblr Auto Publish Powered By : XYZScripts.com
AccomNews
0
Would love your thoughts, please comment.x
()
x